Cars are essential in most of the U.S. They're also increasingly unaffordable

The average new car costs $50,000. The average used car is $25,000. Insurance, repairs and maintenance are soaring. But ...
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Average price of new car hits over $50,000 for first time ever

TONIGHT WITH A STICKER SHOCK. HI PETER. HEY MARIA. YEAH, SO THAT’S CERTAINLY A BIG NUMBER. BUT REMEMBER THIS IS THE AVERAGE. SO THERE ARE STILL SEVERAL CARS THAT ARE CHEAPER THAN THAT $50,000 NUMBER.

Magna beats quarterly profit estimates, raises 2020 sales outlook

Canadian auto parts maker Magna International Inc posted better-than-expected earnings on Friday, returning to profit in the third quarter as its key customers ramped up production to meet recovering ...